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20121206
20121206
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CSPAN 1
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CSPAN
Dec 6, 2012 10:00am EST
will cut it again. but that's the way a democracy works. host: next call comes from rachel in foreigny, texas. independent line. hi, rachel. caller: hi. i have two questions to ask you. when these companies move overseas, can they deduct the expense it costs them to -- does it cost us expense for them to move overseas? can they use that as a deductible? and also i respect -- our representatives are 47% because they get free insurance. and i was just wondering what does that cost the taxpayers in taxes? what part of our taxes is taken for their insurance? do you know that answer? guest: i know the answer to your first question and unfortunately i don't know the answer to your second question. the answer to your first question is that, yes, businesses can deduct and are supposed to deduct all of their expenses. and that could include closing down a factory and opening up a factory overseas. it will include, you know, anything. and so democrats have actually proposed, you know, a little change to the tax law which would prevent companies from being able to do that. but it wouldn't raise a
Search Results 0 to 0 of about 1